It might not make sense to most of us. Even though interest rates on home mortgages have fallen to historic lows, and the interest rates we earn on our savings accounts and CDs are near 0%, interest rates on credit cards seem to be rising. Why exactly is this happening?
Not surprisingly, there are a number of different opinions, and doesn’t necessarily appear to be any single element that’s leading to the credit card rate increases. It’s probable that rising credit card rates are due to a number of different factors, although it’s difficult to know exactly how much each... Articles Tagged ‘credit card rates’
Why Are Credit Card Interest Rates Rising?
It might not make sense to most of us. Even though interest rates on home mortgages have fallen to historic lows, and the interest rates we earn on our savings accounts and CDs are near 0%, interest rates on credit cards seem to be rising. Why exactly is this happening?
Not surprisingly, there are a number of different opinions, and doesn’t necessarily appear to be any single element that’s leading to the credit card rate increases. It’s probable that rising credit card rates are due to a number of different factors, although it’s difficult to know exactly how much each...
Friday, May 25th, 2012
It might not make sense to most of us. Even though interest rates on home mortgages have fallen to historic lows, and the interest rates we earn on our savings accounts and CDs are near 0%, interest rates on credit cards seem to be rising. Why exactly is this happening?
Not surprisingly, there are a number of different opinions, and doesn’t necessarily appear to be any single element that’s leading to the credit card rate increases. It’s probable that rising credit card rates are due to a number of different factors, although it’s difficult to know exactly how much each... Watch Out for No Interest Credit Cards
"No payments for twelve months" screams the ad for that great-looking living room you've been eyeing.
If that's the case, you figure, then why not furnish the rest of your home while you're at it? After all, you can enjoy your new furniture for a year without paying a dime.
But before you sign the sales agreement, take a moment to look at the fine print. When you see the interest rate, you may do some screaming of your own.
Rates of 22% and even more are becoming increasingly common in "no money up front" deals. The same holds true...
Monday, March 30th, 2009
"No payments for twelve months" screams the ad for that great-looking living room you've been eyeing.
If that's the case, you figure, then why not furnish the rest of your home while you're at it? After all, you can enjoy your new furniture for a year without paying a dime.
But before you sign the sales agreement, take a moment to look at the fine print. When you see the interest rate, you may do some screaming of your own.
Rates of 22% and even more are becoming increasingly common in "no money up front" deals. The same holds true... 
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